NY Fed Perli: If Fed changes bond drawdown pace it would be tactical

By Michael S. Derby

NEW YORK, March 5 (Reuters) - A Federal Reserve Bank of New York official charged with implementing monetary policy said on Wednesday that if the central bank decides to pause the drawdown of its balance sheet in the near term, it would have no longer term implications for the end point of quantitative tightening, or QT.

If officials decide to do it, "the pause doesn't change the endpoint" and such a move would be a "tactical decision" to navigate money market challenges around the Treasury's management of the debt ceiling borrowing cap, said Roberto Perli, manager of the Fed's System Open Market Account.